General Controls in an IT System That Processed Sales Transactions

question 98

Multiple Choice

General controls in an IT system that processed sales transactions would include all of the following, except:

• A)Authentication of users
• B)Review of transaction accuracy
• C)Physical access controls
• D)Business continuity planning

---

Definitions:

Direct Materials Cost

The cost of raw materials and components that go directly into the production of a product.

Work In Process Inventory

The value of all the materials, labor, and overhead costs for products that are partially completed by a company.

Equivalent Unit

A measure used in cost accounting to express the amount of work done on units of production during a period, considering partially completed units.

Conversion Costs

The cost required to convert raw materials into finished products, typically including labor and overhead expenses.